What happened Shares of MGM Resorts (NYSE: MGM) were rising 7% in afternoon trading Thursday after the global casino operator reported second-quarter earnings that beat Wall Street estimates on the top and bottom line. So what The casino industry is still laboring under a diminished outlook because of the pandemic, and with coronavirus variants spreading worldwide, resulting in new lockdowns and mask mandates, it's possible to see a scenario where casinos would be dead money for a period of time. Image source: Getty Images. MGM Resorts, however, reported revenue of almost $2.3 billion leading to an adjusted loss of $0.13 per share, stomping all over analyst expectations of a $0.36 per share loss (analyst estimates typically do not include one-time items that companies strip away in their adjusted numbers). President and CEO Bill Hornbuckle said MGM delivered record adjusted property EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs) in both Las Vegas and its regional markets. Equally important, "Our U.S. sports betting and iGaming venture, BetMGM, continues to outperform as the No. 2 operator nationwide," he said. Now what Unlike Las Vegas Sands and Wynn Resorts, which rely almost solely or mostly upon China for more of their revenue and profits, MGM Resorts tilts heavily toward U.S.-based gaming operations. While it does have properties in Macao, they impact its operations much less than they do its rivals. The resort operator did report MGM China saw a near 900% surge in revenue from the year-ago period, but with the gambling mecca being virtually closed off last year due to strict travel restrictions, it was a low bar to step over. MGM Resorts is arguably the best positioned world-class casino operator because of its focus on the U.S. coupled with the rise of sports betting. Look for it to continue improving in the quarters to come. 10 stocks we like better than MGM Resorts InternationalWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and MGM Resorts International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source